Power & Digital Infrastructure Acquisition, Core Scientific Holding Announce Effectiveness Of Registration Statement, Set Jan. 19, 2022 Special Meeting To Approve Business Combination
Power & Digital Infrastructure Acquisition Corp. (NASDAQ:XPDI, XPDIU, XPDIW))))) ("XPDI"), a publicly traded special purpose acquisition company, and Core Scientific Holding Co. ("Core Scientific"), a leader in customizable infrastructure and software solutions to large scale customers for blockchain hosting and digital asset mining, today announced that the U.S. Securities and Exchange Commission (the "SEC") has declared effective XPDI's registration statement on Form S-4 (File No. 333-258720) relating to the previously announced proposed business combination of XPDI and Core Scientific (the "Business Combination").
XPDI will mail stockholders as of December 7, 2021 (the "Record Date") the definitive proxy statement/prospectus relating to the special meeting of XPDI stockholders (the "Special Meeting"), to be held on January 19, 2022 at 9 a.m. CT. The Special Meeting will be held virtually via live webcast at https://www.cstproxy.com/xpdispac/2022. Stockholders are encouraged to vote in advance of the Special Meeting and will have until January 18, 2022 at 11:59 p.m. ET to do so. Voting in advance is easy and can be done in one of three ways: online, via telephone or by mail. All XPDI stockholders as of the Record Date are encouraged to vote for the transaction.
XPDI stockholders who need assistance voting or have questions regarding the Special Meeting may contact XPDI's proxy solicitor, Morrow Sodali, toll-free at (800) 662-5200 or email Morrow Sodali at [email protected].
If certain of the proposals at the Special Meeting are approved, the parties anticipate the Business Combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions.
Upon the closing of the Business Combination, the combined company will be named Core Scientific, Inc. The parties expect that the common stock and warrants of the combined company will be listed on the Nasdaq Stock Market LLC under the ticker symbols "CORZ" and "CORZW," respectively.